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Jan 5, 2013
01/13
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the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending along with the debt limit hike. and then citing a poll conducted by republican david winston, boehner said, 72% of americans agree any increase in the nation's debt limit must be accompanied by spending cuts and reforms of a greater amount. the debate is already under way. number two, texas senator john cornyn took that fighting spirit even further threatening a partial government shutdown. he said in an op-ed, the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than plod along the path of greece, italy, and spain. president obama needs to take note of this reality and put forward a plan to avoid it immediately. finally, pennsylvania republican senator pat toomey voiced the same sentiment earlier this week on "morning joe." >> our opportunity here is on th
the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending along with the debt limit hike. and then citing a poll conducted by republican david winston, boehner said, 72% of americans agree any increase in the nation's debt limit must be accompanied by spending cuts and reforms of a greater amount. the debate is already under way. number two, texas senator john cornyn took that fighting spirit even further threatening a partial...
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Jan 6, 2013
01/13
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the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. president obama needs to take note and put forth a plan immediately. and pat tume voiced the same sentiment in week earlier on "morning joe." >> our opportunity is on the debt ceiling. the president made it very clear. he doesn't want to have a discussion about it, because he knows this is where we have lev range. we republicans need to tolerate a temporary partial government shutdown which is what it could mean and insist we
the president says he isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending with along with the debt limit hike. citing a poll by david winston says that any increase in the nation's debt limit must be accompanied by spending cuts. texas senator john correspond anyo cornyn threatened a partial government shutdown. the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to...
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Jan 29, 2013
01/13
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CURRENT
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 5, 2013
01/13
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and i just think they're worried, because if they pull up the debt ceiling as -- and they try to hold the president and the democrats hostage over the debt ceiling, the contrast is going to be well, what are you going to cut? are you going to put these deep cuts in the medicare? are you going to put them in medicaid and nursing homes and these kind of things? so if they bring it up, they're really playing with fire not only for the financial side of things, but if you're holding hostage, what do you want them to cut? >> well, from your perspective on the democratic side, the progressive side, there is an opportunity here for the republicans to confuse a lot of people. debt ceiling, government shutdown, you know, a lot of misinformation out there, who to believe, and, you know, a lot of average americans really aren't schooled up on exactly what all of this means. that's why i think that gingrich may have done the country a favor right there by cutting right to the chase on what it would really mean. but what do the democrats have to do in this campaign? >> i think do what i heard a cl
and i just think they're worried, because if they pull up the debt ceiling as -- and they try to hold the president and the democrats hostage over the debt ceiling, the contrast is going to be well, what are you going to cut? are you going to put these deep cuts in the medicare? are you going to put them in medicaid and nursing homes and these kind of things? so if they bring it up, they're really playing with fire not only for the financial side of things, but if you're holding hostage, what...
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Jan 6, 2013
01/13
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CNNW
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can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, i
can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going...
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Oct 17, 2013
10/13
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. >> reporter: >> two years ago faced with a similar debt ceiling hostage situation, the president cut a deal with republicans. >> you know, i got 98% of what i wanted. i'm pretty happy. >> in exchange for raising the nation's debt limit, democrats agreed to sharp cuts in government spending. it was a huge victory for republican extortion. >> i want to thank the american people. it's been your voices that have compelled washington to act in the final days. >> let me stop you right there. you're not pinning this turd on us. [ laughter ] >> this week, "the new york times" reports that in the summer of 2011 after that historic compromise, the president pulled together his inner circle of senior advisers and told them, "i'm not going through this again. it's bad for democracy. it's bad for the presidency." for the better part of two years, the president has repeated in public what he told his staff in private -- >> i've been very clear, we're not going to negotiate around the debt ceiling. we're not going to negotiate under the threat of further harm to our economy and middle-class familie
. >> reporter: >> two years ago faced with a similar debt ceiling hostage situation, the president cut a deal with republicans. >> you know, i got 98% of what i wanted. i'm pretty happy. >> in exchange for raising the nation's debt limit, democrats agreed to sharp cuts in government spending. it was a huge victory for republican extortion. >> i want to thank the american people. it's been your voices that have compelled washington to act in the final days. >>...
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Jan 23, 2013
01/13
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they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair waiting on apple and so as you get some sense. listen, google had great numberes. but market is not taking off as a result of that, right? >> no, but it is also not selling off. transports are still higher as well. that confirms -- >> that all confirms. now we wait on apple. we will see if we tested pierce 1500. i think if we get to 1500 psychologically, it certainly means something. it will get the momentum and jumps on board. but i think in the end, that the debt ceiling cuts will continue to just cap a little bit. but not saying we will collapse at
they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair...
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Jan 5, 2013
01/13
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if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion in revenue and we've got to find a way to do that, as well. >> i constantly, in my role as a talk radio host, hear the spending is out of control. and if this is spun as republicans standing up to all of that spending and saying enough is enough, i think the win could be at the gop's back. >> well, i don't know that the wind is at our back. first of all, governor, nice to see you again. i would tell you that spending is the problem
if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the...
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Jan 15, 2013
01/13
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one to take a stand on the debt ceiling, use that as leverage to try to extract spending cuts out of the white house. or, to not use that because it is a fairly sensitive subject as you've been discussing with market implications. maybe move on to have this showdown over spending, over an actual spending bill, continuing resolution that continues to fund the government which will expire in march. and sequestration, automatic cuts that will kick in about the same time. in other words, is the best tool here to use the debt ceiling or is the best tool to use spending bill and there are a lot of people in leadership who think let's not touch the debt ceiling argument that is toxic. let's focus on spending bills because that is the subject at hand. tracy: especially for the american people. the last thing they want to hear is we'll raise the debt ceiling again the notion we hit it back in december and they did accounting trickery to buy us some time i think that is disheartening as well. >> that's been done before. we already hit the debt ceiling that isn't commonly realized. the question
one to take a stand on the debt ceiling, use that as leverage to try to extract spending cuts out of the white house. or, to not use that because it is a fairly sensitive subject as you've been discussing with market implications. maybe move on to have this showdown over spending, over an actual spending bill, continuing resolution that continues to fund the government which will expire in march. and sequestration, automatic cuts that will kick in about the same time. in other words, is the...
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Mar 4, 2013
03/13
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it is part of the 2011 deal that ended the standoff over raising the nation's debt ceiling, but those cuts were never supposed to happen. now leaders in washington are squabbling over restoring those funds. susan mcginnis is in washington this morning. susan? >> good morning, anne-marie. the finger-pointing continues over the weekend. both parties are now promising to retroactively turn back these cuts, but to get there, they will have to overcome a familiar hurdle. the gop won't agree to any plan that includes tax increases. the democrats say there's no deal without them. president obama called individual republican senators over the weekend to see if they would support a tax increase to offset the spending cuts, but the senate's top republican signaling gop support for more revenue is unlikely. >> i haven't heard a single senate republican say they're willing to raise one dime in taxes in order to avoid a spending reduction commitment that we made on a bipartisan basis just a year and a half ago. >> on sunday the head of the president's economic council predicted the gop would face
it is part of the 2011 deal that ended the standoff over raising the nation's debt ceiling, but those cuts were never supposed to happen. now leaders in washington are squabbling over restoring those funds. susan mcginnis is in washington this morning. susan? >> good morning, anne-marie. the finger-pointing continues over the weekend. both parties are now promising to retroactively turn back these cuts, but to get there, they will have to overcome a familiar hurdle. the gop won't agree to...
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Sep 18, 2013
09/13
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the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the conservative caucus said that it has to be defunding of obamacare. the president's signature healthcare goes into effect on october 1st. and the speaker today in congress came ut and it quickly became parent that he's going to go along with those conservatives. >> there should be no conversation about shutting the government down. that's not the goal here. our goal here is to cut spend something to protect the american people from obamacare. it's as simple as that. we have no interest in shutting the government down. >> and
the debt ceiling. the cuts that the gop has in mind, mike. >> well, tony, people don't want to hear it, but this could be the one time where compromise isn't in sight and we could have the first government shut down. the october 1st deadline happens every year x the fiscal year ends on october 1st. and if the congress hasn't passed funding bills, the government will shut down. the problem that john boehner faces, he would assume keep the government open and negotiate later. but the...
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Jan 14, 2013
01/13
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FOXNEWSW
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we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> i'm confident there are some steps we can take that don't require legislation. wi
we'll raise the debt ceiling. he is saying if you do anything, you are going to stick to default. i would channel him on that. >> the future of gun control from this administration ahead of recommendations out tomorrow by the vice president. that's next. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was...
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Jan 14, 2013
01/13
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ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg? >> well, i think we will but i don't think we're going to see it in the form of the grand bargain. i think that kind of both that phrase and that method of doing deals is basically dead. it just doesn't work. the president believes that the speaker of the house of representatives john boehner, he just can't deliver. republicans, there's a deep lack of trust with respect to the administration. my expectation is that you're going to see a lot of muddle through this year. you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of
ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg?...
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Jan 3, 2013
01/13
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they would have leverage because of the debt ceiling. but it cuts both ways. bret explained there were technical issues there earlier but the fact of the matter is the president can stand back to say the irresponsible republicans are playing with our nation's credit. a lot of political oomph to that. it would be risky for them. >> on the flip side, every poll you ask about concern about the debt, passing on all of this to your kids or grand kids, is still out there. that there is concern about it. it's just, how you phrase it. how do that play? >> we have history on this. a debt ceiling debacle. in july of august of 2011. it's true that republicans in house took a hit in public opinion. but so did obama. people expect him to be a leader. if you have an injury to our credit rating, they will say yes. of course, republicans in the house. he gets hurt on that. it's equal. unequal on the fiscal cliff. the republicans have to be united but not only in the prescription approximately. unite on what they want. on plan "a" or "b" or "c." it's not all ad hoc. it can be
they would have leverage because of the debt ceiling. but it cuts both ways. bret explained there were technical issues there earlier but the fact of the matter is the president can stand back to say the irresponsible republicans are playing with our nation's credit. a lot of political oomph to that. it would be risky for them. >> on the flip side, every poll you ask about concern about the debt, passing on all of this to your kids or grand kids, is still out there. that there is concern...
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Oct 14, 2013
10/13
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defaulting on our debt by failing to raise the debt ceiling is not the same as cutting up america's credit cards. it's not the same as denying the president the right to sign more checks into the future. raising the debt ceiling does not give congress or the president a blank check to spend more money. it allows the united states to borrow more money, yes, but only to pay bills for goods and services already incurred, to meet pledges already made. we've had some kind of a national debt ceiling since 1917, when congress allowed the treasury department to issue long-term liberty bonds to pay for the first world war. over the course of the next two decades, caps were placed on other kinds of debt as well,and finally ifinallyfinally in 1939s decided to place a ceiling on the total ability of debt the country could have. the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to
defaulting on our debt by failing to raise the debt ceiling is not the same as cutting up america's credit cards. it's not the same as denying the president the right to sign more checks into the future. raising the debt ceiling does not give congress or the president a blank check to spend more money. it allows the united states to borrow more money, yes, but only to pay bills for goods and services already incurred, to meet pledges already made. we've had some kind of a national debt ceiling...
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Sep 27, 2013
09/13
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and then they had a big fight over budget, and debt ceiling, and that -- and following quarter, growth of cut in half, so president, saying that it could happen again. that this uncertainty about the government shut down, may already be having an impact to the economy. once against president trying to put pressure on the republicans and talking to their spits at home -- constituents back home about potential impact of that, there history he said on his side. liz: we want to flag our viewers 5:00 a.m. eastern time monday, adam shapiro and fox business team will be live to watch any developments and bring you up to speed on anything happened over the week. looking at price action, it of the volatility index showing sign of stress. >> indeed, let's get to today's action robert russell, rust and company, saying all about hinging risk -- hedging risk, he will show us, and gareth with ways. robert to you, question of how much what is happening in the beltway is affecting what is happening in wall street. we have seen a downward move, no question for last week or so. some of that is affected
and then they had a big fight over budget, and debt ceiling, and that -- and following quarter, growth of cut in half, so president, saying that it could happen again. that this uncertainty about the government shut down, may already be having an impact to the economy. once against president trying to put pressure on the republicans and talking to their spits at home -- constituents back home about potential impact of that, there history he said on his side. liz: we want to flag our viewers...
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Jan 18, 2013
01/13
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we want to talk to but the debt ceiling, particularly entitlements, james. what is your sense, if today and now is not the time to cut entitlements, when is the time to cut entitlements? >> i don't think it's a good idea, from the standpoint of the future of the american economy to reduce the security that people expect in their old age. so we're talking about social security here. talking about mid care. we're talking about medicaid. these are foundations for the future life of most of the working population of the country at the moment. if you cut them, people will draw back in their current activity, at least to some degree. >> right. >> so you're basically saying you're going to do something which will squeeze people's living standards out in the future. it will not have any direct effect today on economic activity. except to the extent that people react to that by deleveraging more and saving more. which they will. >> james, here's the question, though. if the average american is putting into the system, let's say $100,000, $130,000 in their lifetime, a
we want to talk to but the debt ceiling, particularly entitlements, james. what is your sense, if today and now is not the time to cut entitlements, when is the time to cut entitlements? >> i don't think it's a good idea, from the standpoint of the future of the american economy to reduce the security that people expect in their old age. so we're talking about social security here. talking about mid care. we're talking about medicaid. these are foundations for the future life of most of...
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Sep 14, 2013
09/13
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>> it would occurred to me that in the debt ceiling negotiations that would be a place to talk about it, how could you create that balance to get those dollars back? house has addressed this in the short term. the defense appropriations bill that many of those dollars back in, much of them and to readiness accounts. i really pushed to say that the dollars have to go back to those accounts. the key is it only addresses it for one year. the sequester automatically occurs the subsequent year. what we have to do to uncertainty in the place for the military's is to say here is our solution. i am looking for that and the debt ceiling negotiations. >> "washington journal" continues. >> joining us is michael hurley with the bipartisan policy center. he is consultant to their homeland security project. a newroject put out report, jihadist terrorism, the threat assessment. it looks at the top of terrorism. welcome. tell us first and foremost about the bipartisan center. guest: this is an organization found by four senate majority leaders. it is dedicated to coming up with practical policy solu
>> it would occurred to me that in the debt ceiling negotiations that would be a place to talk about it, how could you create that balance to get those dollars back? house has addressed this in the short term. the defense appropriations bill that many of those dollars back in, much of them and to readiness accounts. i really pushed to say that the dollars have to go back to those accounts. the key is it only addresses it for one year. the sequester automatically occurs the subsequent...
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Jan 15, 2013
01/13
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we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> welcome back. this is the chart of the day. if this is going to continue right here and close, this is going to be the first time that apple closes below $500 since february of last year. so for this year apple is the worst performing stock on the nasdaq 100 and the second worst on the s&p 500, bill. >> our herb greenbe
we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living...
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Jan 2, 2013
01/13
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the last debt ceiling deal. that's the only way you got them. you can't count them twice. we got them. it's done. it's now time to deal with more spending cuts and entitlement reform. there's simply no other way to get there. this is not a revenue issue. i mean, we've just increased revenue, again, as adam said, both with the payroll tax and on high-income earners. it's time for the government to actually go on a diet, and it's time for us to make some really tough entitlement decisions that's going to take presidential leadership. >> all right, gentlemen. thank you both. i think we're in for a rough few months beforehand, but happy new year. thank you poet for joining us today. >> thank you. >> i don't know. >> i think you're right, bill. not just here. the world's attention is focused on this issue. thought we might wake up jan 1 and have some clarity. >> it's in two pieces, taxes last night and spending cuts coming, and that's going to be the tough one right there. in the meantime though, the market is moving
the last debt ceiling deal. that's the only way you got them. you can't count them twice. we got them. it's done. it's now time to deal with more spending cuts and entitlement reform. there's simply no other way to get there. this is not a revenue issue. i mean, we've just increased revenue, again, as adam said, both with the payroll tax and on high-income earners. it's time for the government to actually go on a diet, and it's time for us to make some really tough entitlement decisions that's...
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Jan 15, 2013
01/13
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rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w bush. rich said that republicans have reasons for not having this meeting today. the president is standing back and think i am not negotiating on this and the republicans are all over the map. >> i do not think that this is a big deal. i do not see that as a big issue. what is coming out of this weekend retreat is far more important. connell: i would like to be a fly on the wall for that. >> also what is important is to remember how we got here. he has run trillion dollar deficits for the past four years of his administration. you have to pass a budget in the united states se
rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w...
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ceiling, to negotiate on increasing spending cuts and should just increase this debt ceiling to not risk any problems with the u.s. economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address reporters. jon: all right. here now, president obama for the final news conference of his first term. >> please have a seat, everybody. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years and i expect the same for the next four years. i intend to carry out the agenda that i campaigned on, an agenda for new jobs, new opportunity, and new security for the middle class. now right now our economy is growing, and our businesses are creating new jobs. so we are poised for a good year, if we make smart decis
ceiling, to negotiate on increasing spending cuts and should just increase this debt ceiling to not risk any problems with the u.s. economy. republicans will say that this white house, this president, had been unable to do those spending cuts that have been talked about for so long and that they need this leverage to be able to force this issue. so we are where we have been, at this standoff as you look live in the east room there, with the president about ready to come out and address...
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Jan 22, 2013
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. >>> house republicans are giving up their fight to tie the debt ceiling to spending cuts. will that make a deal easier? what does it mean for your taxes? one influential congressman will join us and give us answers. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> another difficult day for boeing shareholders. shares are still under pressure. it's becoming clear the quick fix that boeing had been hoping for over its 787 dreamliner problems is becoming much less likely. fill lebeau has the latest on this. not a good situation at all for boeing. >> it's tricky. they still don'tfor the two inc. they have to peel back the onion further. i have had people saying what are they doing at boeing? are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the bo
. >>> house republicans are giving up their fight to tie the debt ceiling to spending cuts. will that make a deal easier? what does it mean for your taxes? one influential congressman will join us and give us answers. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> another difficult day for boeing shareholders. shares are still under pressure. it's becoming clear the quick fix that...
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Jan 2, 2013
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spending cuts were deferred for two months, the debt ceiling has to be dealt with. president obama wants to deal with long-term things that affect entitlements and tax reform and republicans want to see entitlement and tax reform as well so those things perhaps the negotiations, those things will be attached to the spending cuts and the debt ceiling which have this extreme deadline i guess you could say. i think the president was taking a different tack that we will see again. when he was negotiating with the debt feeliceiling i think he tro portray himself as the reasonable grownup in the room and this time we saw him take in the comments before the deal came to be he took a hard line against republicans. i think the white house felt that worked and i think we'll be seeing that again in these coming negotiations. >> the president also last night sa said he's not going to negotiate with congress on the u.s. paying its bills. we'll see if that happens. it's very unlikely that he will not have that argument. we'll see that in the next few months. breanianna keilar and
spending cuts were deferred for two months, the debt ceiling has to be dealt with. president obama wants to deal with long-term things that affect entitlements and tax reform and republicans want to see entitlement and tax reform as well so those things perhaps the negotiations, those things will be attached to the spending cuts and the debt ceiling which have this extreme deadline i guess you could say. i think the president was taking a different tack that we will see again. when he was...
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to play that debt ceiling game, or i'm not going to negotiate cuts with the debt ceiling. republicans say, well, they are -- they're going to demand cuts, or they won't raids the debt ceiling -- raise the debt ceiling. this is the frustration among conservatives, that the cuts always come later, they don't come now. and that's why there are going to be a lot of no votes from house republicans. rick: i remember president bush's second term statement that he had collected political capital, and he intended to use it. on the president's side here, how much political capital has he spent on this deal right now? >> well, he certainly spent some. he's going to spend a lot on immigration reform. that's going to be a very difficult fight. he also wants to move energy and gun control. i doubt he has the votes on any major gun control effort, but that's going to move very quickly early next year. so i think he spent some. the polls indicate he's in good standing now -- rick: right. >> but republicans say he's at the highest standing he will be probably for the rest of his term and,
to play that debt ceiling game, or i'm not going to negotiate cuts with the debt ceiling. republicans say, well, they are -- they're going to demand cuts, or they won't raids the debt ceiling -- raise the debt ceiling. this is the frustration among conservatives, that the cuts always come later, they don't come now. and that's why there are going to be a lot of no votes from house republicans. rick: i remember president bush's second term statement that he had collected political capital, and...
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ceiling on risk. the president says the debt limit needs to rise. republicans say the president isn't willing to cut spending he will get a debate whether he likes it or not. some are proposing using one trillion dollars to pay this year's budget deficit. those against the coin idea... mike quickly snagged an influential assignment in the new congress. he will be the only member from illinois to serve on that panel. in an attempt to reach a compromise on pension reform in illinois willing to back off a proposal that will shift pension costs for suburban in downstate teachers. quinn says that he hopes madigan ships on who pays the pension costs will lead to a breakthrough on a pension reform. quentin and legislative leaders are scheduled to meet tomorrow afternoon to discuss pension reform it's believed it's sometimes easier to pass it difficult legislation in this waiting days of the session. the head of chicago immunizations will talk to us on how it looks so far. a pilot arrested moments before his
ceiling on risk. the president says the debt limit needs to rise. republicans say the president isn't willing to cut spending he will get a debate whether he likes it or not. some are proposing using one trillion dollars to pay this year's budget deficit. those against the coin idea... mike quickly snagged an influential assignment in the new congress. he will be the only member from illinois to serve on that panel. in an attempt to reach a compromise on pension reform in illinois willing to...
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Oct 11, 2013
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so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for obamacare, something a handful of republicans are selling to their colleagues. a number of different talks in the senate. announces mostly between the house leaders. over at the white house it is the beginning of these negotiations. short-term debt ceiling proposals that the house put out yesterday at what an increase the debt ceiling today, that really get things moving at the white house. so that offer is still on the table, something republicans still have to increase the debt ceiling until november charges second. everything else is a holding pattern. especially a vote on that. we are still waitin
so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for...
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Jan 24, 2013
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so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the barack obama gang attempting to reimplement the tyranny of king george. >> we'll show you what he and his buddies will be up against. >>> we all pay a transaction tax every day, but not the fat cats on wall street. david cay johnston tells us how it could make a dig difference. >>> and next, vermont senator bernie sanders will tell us if the senate filibuster rules are about to change. >>> welcome back to "the ed show." at this hour, there is still no finalized deal between democrats and republicans on filibuster reform in the senate, but new details are coming out. but no matter what happens, it looks like the all important talking filibuster
so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the...
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Jan 14, 2013
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he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republican point of view is more narrow, that you can default on other payments and still use the incoming cash flow from the treasury to make those interest payments. certainly we will have that cash flow to make those interest payments. the question becomes, remember what the meaning of the word is, we're now in a world of, carl, we're going to deba
he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a...
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as he told me at the time, grover, i hope we can pass a debt ceiling with $2.5 trillion in spending cuts. but i think we have to give them a tax increase. if you give the president a tax increase you will see no spending cuts. and we got all spending cuts and no tax increase. what he feared was not true we stayed and said we are not raising taxes and we were able to cut spending. but what cruz said this vote on this date is the only way to do it. >> that wasn't true. >> and here we are on day four or five of the shutdown and nothing resolved. thank you so much for your time today. >> coming up on the show horror unfolded when two helicopters crashed on war torn somalia. we'll be right back. man: i know the name of eight princesses. i'm on expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they
as he told me at the time, grover, i hope we can pass a debt ceiling with $2.5 trillion in spending cuts. but i think we have to give them a tax increase. if you give the president a tax increase you will see no spending cuts. and we got all spending cuts and no tax increase. what he feared was not true we stayed and said we are not raising taxes and we were able to cut spending. but what cruz said this vote on this date is the only way to do it. >> that wasn't true. >> and here we...
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Feb 10, 2013
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the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's
the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the...
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Oct 17, 2013
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get cuts before we increase the debt ceiling. that would have been the best way to focus. the president would have had to come off the sidelines and negotiate. as critical as some republicans he was good for the democratic party, not good for the country by staying out of the debate so long. >> the president said he was not going to negotiate on the debt ceiling because this is the republican party threatening to wreak havoc on the economy, al gore saying nice worldwide economy you have here, be a shame if anything happeneded to it kind of thing. so i think the debt ceiling ace more serious issue than the government shutdown potentially. >> at this point, yeah. >> but you wouldn't have threatened to not raise the debt ceiling. you're just saying you would have been negotiating. >> as a negotiation. you vet out there ultimately the end fact there was going to be a deadline of october 17th but not threaten to do it but have it out there as a negotiating point which has worked out pretty well in past years. >> not a threat just an opportunity. >> an implied threat. opportunit
get cuts before we increase the debt ceiling. that would have been the best way to focus. the president would have had to come off the sidelines and negotiate. as critical as some republicans he was good for the democratic party, not good for the country by staying out of the debate so long. >> the president said he was not going to negotiate on the debt ceiling because this is the republican party threatening to wreak havoc on the economy, al gore saying nice worldwide economy you have...
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if we said, we don't need to raise the debt ceiling we got revenue, we need too look at spending cuts and growing an economy if we did that, there is no reason to raise debt saling at this point. neil: let's say we don't do, that and that other side is not compromising on the spending issues we bump up against that ceiling beyond where administration says we're not making good on debt payments, republicans have forced our hand, we default. we know there are ways around that, but paying thoses there are billion t22 billiontom come to uncle sam every month. >> what you said in beginning was if the administration chooses to that the point, administration has the option, if they choose to do that, that is wrong, it is unconstitutional. neil: i are going to blame it on you, well not you but republicans, they forced to us this brink. we're not bailing their hineys out and pay the bills they want, we'll make them pay for this stupidity. neil: that is why programs like yours are so important to get the word out to the american people so they get the truth. we can hit the debt ceiling we will
if we said, we don't need to raise the debt ceiling we got revenue, we need too look at spending cuts and growing an economy if we did that, there is no reason to raise debt saling at this point. neil: let's say we don't do, that and that other side is not compromising on the spending issues we bump up against that ceiling beyond where administration says we're not making good on debt payments, republicans have forced our hand, we default. we know there are ways around that, but paying thoses...
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Jan 14, 2013
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president obama has said he will not negoatiate on raising the $16.4 trillion debt ceiling, while house republican leader john boehner is insisting a debt increase would have to be accompanied by spending cuts to programs such as medicare. boehner has promised a vote tomorrow on $51 billion in aid to hurricane sandy vicitms. theres alot up in the air at boeing after a series of leaks and electrical glitches last week involving its latest aircraft, dubbed the 787 dreamliner. the faa will begin reviewing how the airliner is designed, manufacturered and assembled, with particular attention to the miles of electrical wiring used instead of heavier hydrallic systems. in a statement, boeing says "we are never satisfied while there is room for improvement. we welcome this opportunity to conduct this joint review." joe schwieterman of depaul university says it is too early for investors to be worried. "investors get nervous when there are these rollouts and there are problems. if this gets worse, boeing's stock could be affected, but i doubt it will be at this point. but who knows what will be
president obama has said he will not negoatiate on raising the $16.4 trillion debt ceiling, while house republican leader john boehner is insisting a debt increase would have to be accompanied by spending cuts to programs such as medicare. boehner has promised a vote tomorrow on $51 billion in aid to hurricane sandy vicitms. theres alot up in the air at boeing after a series of leaks and electrical glitches last week involving its latest aircraft, dubbed the 787 dreamliner. the faa will begin...
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Jan 5, 2013
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and i just think they're worried, because if they pull up the debt ceiling as -- and they try to hold the president and the democrats hostage over the debt ceiling, the contrast is going to be well, what are you going to cut? are you going to put these deep cuts in the medicare? are you going to put them in medicaid and nursing homes and these kind of things? so if they bring it up, they're really playing with fire not only for the financial side of things, but if you're holding hostage, what do you want them to cut? >> well, from your perspective on the democratic side, the progressive side, there is an opportunity here for the republicans to confuse a lot of people. debt ceiling, government shutdown, you know, a lot of misinformation out there, who to believe, and, you know, a lot of average americans really aren't schooled up on exactly what all of this means. that's why i think that gingrich may have done the country a favor right there by cutting right to the chase on what it would really mean. but what do the democrats have to do in this campaign? >> i think do what i heard a cl
and i just think they're worried, because if they pull up the debt ceiling as -- and they try to hold the president and the democrats hostage over the debt ceiling, the contrast is going to be well, what are you going to cut? are you going to put these deep cuts in the medicare? are you going to put them in medicaid and nursing homes and these kind of things? so if they bring it up, they're really playing with fire not only for the financial side of things, but if you're holding hostage, what...
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Jan 5, 2013
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if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion in revenue and we've got to find a way to do that, as well. >> i constantly, in my role as a talk radio host, hear the spending is out of control. and if this is spun as republicans standing up to all of that spending and saying enough is enough, i think the win could be at the gop's back. >> well, i don't know that the wind is at our back. first of all, governor, nice to see you again. i would tell you that spending is the problem
if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the...
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Oct 14, 2013
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raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care ts as well. house republicans say they're waiting for a sponse from the white house on all of this. right now you have this sense in shington where their rhetoric has been gile down. folks in theouse are letting th negotiators for congressional leaders andhe3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating their own plans looking for democrats to sign on board which would closor open the governme for another year or fund the government for another year, raise t debeiling for short-termn the medical device tax and health care law. the number of proposals floating around that these white hse house republican negotiations are really the primary track right here. waiting to see. i have to tell you, democrats and republicans have been stuck on issues of taxes, revenues, government spending for years now. there are some certain things that they ccn do within that where they sort of agree and will be wi
raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care ts as well. house republicans say they're waiting for a sponse from the white house on all of this. right now you have this sense in shington where their rhetoric has been gile down. folks in theouse are letting th negotiators for congressional leaders andhe3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating...
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Jan 10, 2013
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we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have also had $5 trillion worth -- five years worth of trillion dollar deficits which is what we are heading toward. the four past years, and the cbo coming out saying we're headed into our fifth. gerri: unbelievable. tyler
we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's...